1. Chile is the only country in Latin America where mining projects are now being funded without a requirement for political risk insurance. 2. One legitimate target is the taxpayer-funded Overseas Private Investment Corporation, which provides loans, loan guarantees and political risk insurance for risky projects in developing countries. 3. OPIC risk insurance, for example, covers losses due to currency risk, expropriation and political violence. 4. OPIC is a federal agency that provides political risk insurance and project financing to U.S. companies doing business overseas, often in the oil business. 5. Political risk insurance also protects lenders against loss from interruptions due to war, civil disturbance or breach of contract. 6. Risk insurance works much like any commercial insurance policy. 7. The guarantee is the largest ever offered by OPIC, a U.S. government agency that provides finance and political risk insurance. 8. The federal Overseas Private Investment Corp. sells risk insurance and lends money to U.S. companies venturing into politically risky countries. 9. The Overseas Private Investment Corp. provides political risk insurance and project financing to U.S. companies doing business overseas. 10. The Overseas Private Investment Corp. provides political risk insurance to U.S. companies for a fee. |